Green Groups Drop Suit Against SEC Emissions Disclosure Rules

Two environmental groups that had sued the SEC over its corporate emissions disclosure rules arguing they did not go far enough told the Eighth Circuit Friday evening they are dropping their cases.

The Natural Resources Defense Council and the Sierra Club in separate filings asked the US Court of Appeals for the Eighth Circuit to dismiss their complaints against the March 6 Securities and Exchange Commission regulation, which requires public companies to report on greenhouse gas emissions from their direct operations and power usage, as well as climate-related risks.

“NRDC has decided to focus its resources on advocating for improvements ...